Gross domestic product (GDP) at current market prices by other in Latvia
Latvia: Gross domestic product (GDP) at current market prices by other was 26,049 Million euro in 2023. ▲ Rising
Gross domestic product (GDP) at current market prices by other in Latvia, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for gross domestic product (gdp) at current market prices by other in Latvia is 26,049 Million euro, measured in 2023. That is the highest value across all 24 years on record.
That represents a change of up 11.7% on the previous year and up 82.0% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by other in Latvia peaked at 26,049 Million euro in 2023 and was at its lowest, 5,208 Million euro, in 2000.
Latvia ranks 31st of 33 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Gross domestic product (GDP) at current market prices by other in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 5,208 Million euro | — |
| 2001 | 5,693 Million euro | +9.3% |
| 2002 | 6,094 Million euro | +7.0% |
| 2003 | 6,259 Million euro | +2.7% |
| 2004 | 7,035 Million euro | +12.4% |
| 2005 | 8,376 Million euro | +19.1% |
| 2006 | 10,575 Million euro | +26.2% |
| 2007 | 13,821 Million euro | +30.7% |
| 2008 | 14,920 Million euro | +8.0% |
| 2009 | 11,791 Million euro | -21.0% |
| 2010 | 11,234 Million euro | -4.7% |
| 2011 | 11,973 Million euro | +6.6% |
| 2012 | 13,623 Million euro | +13.8% |
| 2013 | 14,311 Million euro | +5.0% |
| 2014 | 14,896 Million euro | +4.1% |
| 2015 | 15,670 Million euro | +5.2% |
| 2016 | 16,231 Million euro | +3.6% |
| 2017 | 17,203 Million euro | +6.0% |
| 2018 | 18,538 Million euro | +7.8% |
| 2019 | 19,431 Million euro | +4.8% |
| 2020 | 18,836 Million euro | -3.1% |
| 2021 | 20,935 Million euro | +11.1% |
| 2022 | 23,314 Million euro | +11.4% |
| 2023 | 26,049 Million euro | +11.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8,977 Million euro | 5,208 Million euro | 14,920 Million euro | 10 |
| 2010s | 15,311 Million euro | 11,234 Million euro | 19,431 Million euro | 10 |
| 2020s | 22,283 Million euro | 18,836 Million euro | 26,049 Million euro | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
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- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
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Frequently asked questions
- What is gross domestic product (gdp) at current market prices by other in Latvia?
- Gross domestic product (gdp) at current market prices by other in Latvia was 26,049 Million euro in 2023, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by other recorded in Latvia?
- The highest recorded value was 26,049 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by other recorded in Latvia?
- The lowest recorded value was 5,208 Million euro in 2000.
- How does Latvia rank for gross domestic product (gdp) at current market prices by other?
- Latvia ranks 31st out of 33 countries with data for 2023.
- Is gross domestic product (gdp) at current market prices by other rising or falling in Latvia?
- Over the last ten years it is up 82.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by other typologies. Statizoid updates them automatically from the source API.
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